Oshkosh Corporation (OSK)

Receivables turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	10,500,700	10,283,200	9,871,600	9,599,300	9,351,500	8,915,100	8,564,200	8,249,100	8,098,100	8,239,400	8,063,100	7,692,100	7,423,700	6,795,700	6,693,900	6,813,900	7,225,400	8,036,800	8,251,000	8,369,800
Receivables	US$ in thousands	1,576,300	1,619,900	1,533,000	1,316,400	1,550,200	1,367,200	1,311,700	1,162,000	1,072,600	1,216,400	987,400	1,017,300	1,072,500	877,100	699,200	857,600	831,600	873,800	911,600	1,082,300
Receivables turnover		6.66	6.35	6.44	7.29	6.03	6.52	6.53	7.10	7.55	6.77	8.17	7.56	6.92	7.75	9.57	7.95	8.69	9.20	9.05	7.73

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,500,700K ÷ $1,576,300K
= 6.66

The receivables turnover ratio for Oshkosh Corporation has exhibited some fluctuation over the past several quarters. The ratio was 6.66 as of September 30, 2024, representing the number of times receivables were collected during the year. This indicates that, on average, the company collected its outstanding receivables about 6.66 times over the year.

Comparing this ratio to historical data, we can see a general trend of the receivables turnover ratio hovering around the 6 to 8 range over the past few years. There was a relatively higher turnover of receivables in the earlier periods, notably reaching a peak of 9.57 in the first quarter of 2021.

A higher receivables turnover ratio typically indicates that the company is efficient in collecting outstanding receivables from its customers. Conversely, a lower ratio may suggest potential issues with collecting payments, leading to a buildup of accounts receivable. It is important to note that the receivables turnover ratio should be interpreted in conjunction with other financial metrics to gain a comprehensive understanding of Oshkosh Corporation's overall financial health and efficiency in managing its accounts receivable.